Skills-based practices: Spotlights on hiring and pay

Dr. Lauren Park, Senior HR Research Scientist for SAP SuccessFactors, discusses the current state of skills-based hiring and pay in organizations. Despite challenges, many companies see skills-based hiring as a first step to becoming a skills-based organization. However, skills-based pay is considered the last piece of the puzzle, with challenges including bias, equity, and fluctuating skill prices. The video offers recommendations for implementing skills-based pay and provides additional resources for becoming a skills-based organization.